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You are here: Home / Crime / Courts / KC Tax Preparation Giant Reaches Deal With Ex-Franchises

KC Tax Preparation Giant Reaches Deal With Ex-Franchises

January 10, 2004 By admin Leave a Comment

Kansas City-based H&R Block has reached an agreement with about a dozen former franchises to pay them an additional $130-Million to settle a lawsuit concerning the value of their businesses. The tax preparation giant had already paid $107-Million to buy back the franchises, but they claimed that price was too low. They launched court action, claiming Block wasn’t paying them a portion of the profits that accrued during their decades-long business relationship.

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